Probable future economic benefits obtained or controlled by a particular entity as a result of past
transactions or events is called:
A
What are recognized and accepted by state insurance departments in evaluating the solvency of an
insurer for statutory accounting purposes?
C
What do not contribute to an insurer’s solvency as measured by statutory accounting requirements?
B
_____________ is defined as an existing condition, situation, or set of circumstances involving
uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more
future event(s) occur or fail to occur.
B
Any securities representing a creditor relationship, whereby there is a fixed schedule for one or more
future payments are called:
D
The amount the owner expects to receive when the bond matures is known as:
C
If the price is higher than par, the excess is the ____________; if the price is lower than par, the
deficiency is the ____________.
C
The amount of the impairment is the difference between the net fair value (appraised) value less
estimated costs to sell) of the collateral and the insurer’s recorded investment in:
A
Any real estate which is owned by and more than 50 percent occupied (based on rentable square
footage) by an insurer and its’ affiliates is considered property occupied by the company.
A
A market quote or an appraisal is used to determine what of property held for sale?
D
All investments with remaining maturities (or repurchase dates under repurchase agreements) of
one year or less at the time of acquisition are called:
C
What represents balances due from brokers when a security has been sold, but the proceeds have
not been received?
B
Balances due within thirty days of the settlement date are included as a receivable for securities.
B
When the insurer or the intermediary may prepare a monthly recapitulation of premium and
commission transactions between the parties, commonly called:
A
What include balances due from the insurer’s brokers (collectively referred to as agents’ balances)
for premium on policies written?
D